A lot of people think bookkeepers and accountants complete the same tasks, however that is not the case.
A bookkeeper records your day-to-day transactions including sales, expenses and payroll. They make sure all your data is entered so that they can produce accurate financial reports for your business usually on a monthly basis. They will keep you organized and will prepare your company for an audit. They are also a great source of advice for business owners as they usually know your business in and out.
Accountants use the reports created by a bookkeeper to create annual financial statements for your company and to file your yearly tax return. They can also provide high level tax planning services.
It is a good idea to have both a bookkeeper and accountant on your team as they support your business in different ways.
Chief Executive Officer
Ruby Business Solutions
